diff --git a/package.json b/package.json
index 78ed0b45d..fd7909aeb 100644
--- a/package.json
+++ b/package.json
@@ -60,7 +60,7 @@
     "typescript-eslint": "8.32.1"
   },
   "resolutions": {
-    "@metamask/snaps-sdk": "^10.3.0"
+    "@metamask/snaps-sdk": "^11.0.0"
   },
   "packageManager": "yarn@4.9.1",
   "engines": {
diff --git a/packages/site/CHANGELOG.md b/packages/site/CHANGELOG.md
index 42982396f..0cc9ac3d4 100644
--- a/packages/site/CHANGELOG.md
+++ b/packages/site/CHANGELOG.md
@@ -7,6 +7,10 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+### Changed
+
+- Bump `@metamask/keyring-api` from `^21.3.0` to `^22.0.0` ([#608](https://github.com/MetaMask/snap-bitcoin-wallet/pull/608))
+
 ## [1.10.1]
 
 ## [1.0.0]
diff --git a/packages/site/package.json b/packages/site/package.json
index 2ddbd71af..89781150b 100644
--- a/packages/site/package.json
+++ b/packages/site/package.json
@@ -29,7 +29,7 @@
     ]
   },
   "dependencies": {
-    "@metamask/keyring-api": "^21.3.0",
+    "@metamask/keyring-api": "^22.0.0",
     "@metamask/providers": "^22.1.0",
     "react": "^18.2.0",
     "react-dom": "^18.2.0",
diff --git a/packages/snap/CHANGELOG.md b/packages/snap/CHANGELOG.md
index bf02a33ae..8d6b8c715 100644
--- a/packages/snap/CHANGELOG.md
+++ b/packages/snap/CHANGELOG.md
@@ -11,6 +11,9 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 - Show a confirmation dialog before signing a PSBT from KeyringHandler and sending a transfer ([#591](https://github.com/MetaMask/snap-bitcoin-wallet/pull/591))
 - Add `resolveAccountAddress` method to KeyringHandler for dApp connectivity ([#590](https://github.com/MetaMask/snap-bitcoin-wallet/pull/590))
+- Bump `@metamask/keyring-api` from `^21.3.0` to `^22.0.0` ([#608](https://github.com/MetaMask/snap-bitcoin-wallet/pull/608))
+- Bump `@metamask/keyring-snap-sdk` from `^7.1.1` to `^8.0.0` ([#608](https://github.com/MetaMask/snap-bitcoin-wallet/pull/608))
+- Bump `@metamask/snaps-sdk` from `^10.3.0` to `^11.0.0` ([#608](https://github.com/MetaMask/snap-bitcoin-wallet/pull/608))
 
 ### Fixed
 
diff --git a/packages/snap/package.json b/packages/snap/package.json
index 34c1132ac..e69c089f7 100644
--- a/packages/snap/package.json
+++ b/packages/snap/package.json
@@ -43,12 +43,12 @@
     "@metamask/auto-changelog": "^3.4.4",
     "@metamask/bitcoindevkit": "^0.1.13",
     "@metamask/key-tree": "^10.1.1",
-    "@metamask/keyring-api": "^21.3.0",
-    "@metamask/keyring-snap-sdk": "^7.1.1",
+    "@metamask/keyring-api": "^22.0.0",
+    "@metamask/keyring-snap-sdk": "^8.0.0",
     "@metamask/slip44": "^4.2.0",
     "@metamask/snaps-cli": "^8.3.0",
     "@metamask/snaps-jest": "^9.8.0",
-    "@metamask/snaps-sdk": "^10.3.0",
+    "@metamask/snaps-sdk": "^11.0.0",
     "@metamask/utils": "^11.9.0",
     "bip322-js": "^3.0.0",
     "concurrently": "^9.2.1",
diff --git a/packages/snap/src/entities/confirmation.ts b/packages/snap/src/entities/confirmation.ts
index ce04ae7cb..3a079b567 100644
--- a/packages/snap/src/entities/confirmation.ts
+++ b/packages/snap/src/entities/confirmation.ts
@@ -1,8 +1,7 @@
 import type { Network, Psbt } from '@metamask/bitcoindevkit';
-import type { CurrencyRate } from '@metamask/snaps-sdk';
 
 import type { BitcoinAccount } from './account';
-import type { CurrencyUnit } from './currency';
+import type { CurrencyRate, CurrencyUnit } from './currency';
 
 export type SignMessageConfirmationContext = {
   message: string;
diff --git a/packages/snap/src/entities/currency.ts b/packages/snap/src/entities/currency.ts
index 9bf091a65..1b71c644c 100644
--- a/packages/snap/src/entities/currency.ts
+++ b/packages/snap/src/entities/currency.ts
@@ -8,6 +8,12 @@ export enum CurrencyUnit {
   Fiat = 'fiat', // Can also be cryptos like ETH, but will be fiat for 99% of users
 }
 
+export type CurrencyRate = {
+  conversionRate: number;
+  conversionDate: number;
+  currency: string;
+};
+
 export const networkToCurrencyUnit: Record<Network, CurrencyUnit> = {
   bitcoin: CurrencyUnit.Bitcoin,
   testnet: CurrencyUnit.Testnet,
diff --git a/packages/snap/src/entities/send-flow.ts b/packages/snap/src/entities/send-flow.ts
index f47f28dfa..659a62da2 100644
--- a/packages/snap/src/entities/send-flow.ts
+++ b/packages/snap/src/entities/send-flow.ts
@@ -1,7 +1,6 @@
 import type { Network } from '@metamask/bitcoindevkit';
-import type { CurrencyRate } from '@metamask/snaps-sdk';
 
-import type { CurrencyUnit } from './currency';
+import type { CurrencyRate, CurrencyUnit } from './currency';
 import type { CodifiedError } from './error';
 
 // TODO: This context will be adjusted to the needs
diff --git a/packages/snap/src/infra/jsx/format.ts b/packages/snap/src/infra/jsx/format.ts
index 12ca81015..e91e6dfa8 100644
--- a/packages/snap/src/infra/jsx/format.ts
+++ b/packages/snap/src/infra/jsx/format.ts
@@ -1,8 +1,8 @@
 import type { Network } from '@metamask/bitcoindevkit';
 import { Amount, BdkErrorCode } from '@metamask/bitcoindevkit';
-import type { CaipAccountId, CurrencyRate } from '@metamask/snaps-sdk';
+import type { CaipAccountId } from '@metamask/snaps-sdk';
 
-import type { CurrencyUnit, Messages } from '../../entities';
+import type { CurrencyRate, CurrencyUnit, Messages } from '../../entities';
 import { networkToScope } from '../../handlers';
 
 export const displayAmount = (
diff --git a/packages/snap/src/store/JSXConfirmationRepository.tsx b/packages/snap/src/store/JSXConfirmationRepository.tsx
index dbf86e9c6..c3f88a06c 100644
--- a/packages/snap/src/store/JSXConfirmationRepository.tsx
+++ b/packages/snap/src/store/JSXConfirmationRepository.tsx
@@ -1,7 +1,6 @@
 import type { Psbt } from '@metamask/bitcoindevkit';
 import { Address as BdkAddress } from '@metamask/bitcoindevkit';
 import { getCurrentUnixTimestamp } from '@metamask/keyring-snap-sdk';
-import type { CurrencyRate } from '@metamask/snaps-sdk';
 
 import type {
   AssetRatesClient,
@@ -9,6 +8,7 @@ import type {
   BlockchainClient,
   ConfirmationRepository,
   ConfirmSendFormContext,
+  CurrencyRate,
   Logger,
   SignMessageConfirmationContext,
   SignPsbtConfirmationContext,
diff --git a/packages/snap/src/use-cases/SendFlowUseCases.ts b/packages/snap/src/use-cases/SendFlowUseCases.ts
index 843c3f30b..30c81b357 100644
--- a/packages/snap/src/use-cases/SendFlowUseCases.ts
+++ b/packages/snap/src/use-cases/SendFlowUseCases.ts
@@ -6,7 +6,7 @@ import {
   type Transaction,
 } from '@metamask/bitcoindevkit';
 import { getCurrentUnixTimestamp } from '@metamask/keyring-snap-sdk';
-import type { CurrencyRate, InputChangeEvent } from '@metamask/snaps-sdk';
+import type { InputChangeEvent } from '@metamask/snaps-sdk';
 
 import type {
   AssetRatesClient,
@@ -14,6 +14,7 @@ import type {
   BitcoinAccountRepository,
   BlockchainClient,
   CodifiedError,
+  CurrencyRate,
   Logger,
   ConfirmSendFormContext,
   ReviewTransactionContext,
diff --git a/yarn.lock b/yarn.lock
index 4b094eb72..6d554d9b8 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -3076,12 +3076,12 @@ __metadata:
     "@metamask/auto-changelog": "npm:^3.4.4"
     "@metamask/bitcoindevkit": "npm:^0.1.13"
     "@metamask/key-tree": "npm:^10.1.1"
-    "@metamask/keyring-api": "npm:^21.3.0"
-    "@metamask/keyring-snap-sdk": "npm:^7.1.1"
+    "@metamask/keyring-api": "npm:^22.0.0"
+    "@metamask/keyring-snap-sdk": "npm:^8.0.0"
     "@metamask/slip44": "npm:^4.2.0"
     "@metamask/snaps-cli": "npm:^8.3.0"
     "@metamask/snaps-jest": "npm:^9.8.0"
-    "@metamask/snaps-sdk": "npm:^10.3.0"
+    "@metamask/snaps-sdk": "npm:^11.0.0"
     "@metamask/utils": "npm:^11.9.0"
     bip322-js: "npm:^3.0.0"
     concurrently: "npm:^9.2.1"
@@ -3100,7 +3100,7 @@ __metadata:
   version: 0.0.0-use.local
   resolution: "@metamask/bitcoin-wallet-test-dapp@workspace:packages/site"
   dependencies:
-    "@metamask/keyring-api": "npm:^21.3.0"
+    "@metamask/keyring-api": "npm:^22.0.0"
     "@metamask/providers": "npm:^22.1.0"
     "@svgr/webpack": "npm:^8.1.0"
     "@testing-library/dom": "npm:^8.17.1"
@@ -3286,43 +3286,43 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@metamask/keyring-api@npm:^21.3.0":
-  version: 21.3.0
-  resolution: "@metamask/keyring-api@npm:21.3.0"
+"@metamask/keyring-api@npm:^22.0.0":
+  version: 22.0.0
+  resolution: "@metamask/keyring-api@npm:22.0.0"
   dependencies:
-    "@metamask/keyring-utils": "npm:^3.1.0"
+    "@metamask/keyring-utils": "npm:^3.2.0"
     "@metamask/superstruct": "npm:^3.1.0"
     "@metamask/utils": "npm:^11.1.0"
     bitcoin-address-validation: "npm:^2.2.3"
-  checksum: 10/5d1f2705d76d8cfc70378f740e054fca163735b7b77b86b092cfd311d1befb27fac16f81b210ef2c719ce32010e1db55916b7b78d1f7a84239e47b771e5d84cc
+  checksum: 10/ff1e9537c7219fb906b61d6755de28890239ec44f634732bd8571801c662e8b801671e98961a1c5047e079cef314353297499a52f7091a2b5391325d575ec4f9
   languageName: node
   linkType: hard
 
-"@metamask/keyring-snap-sdk@npm:^7.1.1":
-  version: 7.1.1
-  resolution: "@metamask/keyring-snap-sdk@npm:7.1.1"
+"@metamask/keyring-snap-sdk@npm:^8.0.0":
+  version: 8.0.0
+  resolution: "@metamask/keyring-snap-sdk@npm:8.0.0"
   dependencies:
-    "@metamask/keyring-utils": "npm:^3.1.0"
-    "@metamask/snaps-sdk": "npm:^9.0.0"
+    "@metamask/keyring-utils": "npm:^3.2.0"
+    "@metamask/snaps-sdk": "npm:^11.0.0"
     "@metamask/superstruct": "npm:^3.1.0"
     "@metamask/utils": "npm:^11.1.0"
     webextension-polyfill: "npm:^0.12.0"
   peerDependencies:
-    "@metamask/keyring-api": ^21.2.0
+    "@metamask/keyring-api": ^22.0.0
     "@metamask/providers": ^19.0.0
-  checksum: 10/ac4ce050f4647096ef66ebd04d99d1423c002ca0fb05bd83e11caec59754b56d73bb8a95ac3a76f64472713256205e889d6785003dfe2c35f5f1d67c2f2efd12
+  checksum: 10/271b4f84d214813c0312ffbbe3fb6201b66172210da4d06a155c3ddb359403ed1fa4c7afa424cd34fa9db04e3c876f30f69afb676bb7a905d392552d871ebd57
   languageName: node
   linkType: hard
 
-"@metamask/keyring-utils@npm:^3.1.0":
-  version: 3.1.0
-  resolution: "@metamask/keyring-utils@npm:3.1.0"
+"@metamask/keyring-utils@npm:^3.2.0":
+  version: 3.2.0
+  resolution: "@metamask/keyring-utils@npm:3.2.0"
   dependencies:
     "@ethereumjs/tx": "npm:^5.4.0"
     "@metamask/superstruct": "npm:^3.1.0"
     "@metamask/utils": "npm:^11.1.0"
     bitcoin-address-validation: "npm:^2.2.3"
-  checksum: 10/d7325bb72e47bd3d81b1bce55203d8343408c0d37dd2862203c21bb68c6a1e32a1cfa7ca46a4f6fe1f14e757084bbc45db8db3eedbefc90ce81805ce22d335e8
+  checksum: 10/e71aa1b9ec9a24c72ea6d4864a10f11e68e5b77789728067230ec40cee2e85ad69073404d2fa62c760f014fd910fb68b3305a08f906f2534b9119e2a26d06a2b
   languageName: node
   linkType: hard
 
@@ -3667,17 +3667,17 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@metamask/snaps-sdk@npm:^10.3.0":
-  version: 10.3.0
-  resolution: "@metamask/snaps-sdk@npm:10.3.0"
+"@metamask/snaps-sdk@npm:^11.0.0":
+  version: 11.1.1
+  resolution: "@metamask/snaps-sdk@npm:11.1.1"
   dependencies:
     "@metamask/key-tree": "npm:^10.1.1"
     "@metamask/providers": "npm:^22.1.1"
     "@metamask/rpc-errors": "npm:^7.0.3"
     "@metamask/superstruct": "npm:^3.2.1"
-    "@metamask/utils": "npm:^11.8.1"
+    "@metamask/utils": "npm:^11.11.0"
     luxon: "npm:^3.5.0"
-  checksum: 10/24efa7af91557d2365cd2199e0572566675efadbcc51a350938cb57e4b5c0861188c30d26a9ec3a42cb9059b37bba0f44a5486ec3ed32ac2e956cf48213d6485
+  checksum: 10/8419625775b83045d98c4ed920002ad884471e2303f6650104c97457c238f095ff35030663ddf111ebb6ce8f4cd915f57b7b9a5597d00288093701dbb79e787c
   languageName: node
   linkType: hard
 
@@ -3762,9 +3762,9 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@metamask/utils@npm:^11.0.1, @metamask/utils@npm:^11.1.0, @metamask/utils@npm:^11.4.0, @metamask/utils@npm:^11.4.2, @metamask/utils@npm:^11.8.1, @metamask/utils@npm:^11.9.0":
-  version: 11.9.0
-  resolution: "@metamask/utils@npm:11.9.0"
+"@metamask/utils@npm:^11.0.1, @metamask/utils@npm:^11.1.0, @metamask/utils@npm:^11.11.0, @metamask/utils@npm:^11.4.0, @metamask/utils@npm:^11.4.2, @metamask/utils@npm:^11.8.1, @metamask/utils@npm:^11.9.0":
+  version: 11.11.0
+  resolution: "@metamask/utils@npm:11.11.0"
   dependencies:
     "@ethereumjs/tx": "npm:^4.2.0"
     "@metamask/superstruct": "npm:^3.1.0"
@@ -3777,7 +3777,7 @@ __metadata:
     pony-cause: "npm:^2.1.10"
     semver: "npm:^7.5.4"
     uuid: "npm:^9.0.1"
-  checksum: 10/f8f5e99ba6c6de0395ed4e0acc82ee9c0dca26991ea6a8f10b3896e72745790966a8eded8c42be905d9f01fa99c1fd29a7f68541e2ef9854fc14984a0b514ad3
+  checksum: 10/c4381b9e451a9616bde84ac659bc0d1848ef06b6e605f877bfa065b78c8ed5015706683ea88a3387de5eaeb3a50d1af9af0994f04f9e06258d992598fe2be3bf
   languageName: node
   linkType: hard